Affluent investors are likely to face double- and even triple-digit increases in tax rates in 2013, but a new whitepaper offers tips on planning for this eventuality.
Andrew Friedman, a principal in the Washington Update, which focuses on the impact of public policy on the financial services industry, has previously warned that sharp tax hikes are all but certain in less than a year.
Read full article…
Tax time is here and many are getting together all those important documents. Sometimes people mistakenly think that unemployment benefits do not have to be included on their taxes as taxable income. This is incorrect. Unemployment benefits are taxable and need to be reported to the IRS along with any other income earned within the year.
Learn more insurance tax tips at Your Insurance Guide to Federal Tax Preparation and Returns
Professional what?
If you’ve been asked to buy or recommended to have professional indemnity insurance, but you’re still a little unclear about exactly how this cover works to protect your business, you may appreciate this simple, easy to understand beginners guide written by leading specialist insurer Hiscox.
What is Professional Indemnity insurance?
It’s the kind of insurance that protects your business from financially crippling and often reputation-damaging claims by dissatisfied clients. Because in this everything-by-yesterday world, even the most respectable companies can find themselves in dispute with a client over a mistake. Below
Read full article…
A New Brunswick court has found that a man who suffered a closed head injury in a 2005 auto accident – which resulted in a lack of concentration, an inability to process information quickly and mental fatigue – is unable to engage in any occupation or employment for which he is suited by education, training or experience.
The insurer in the case, Wawanesa Mutual Insurance Company of Canada, paid the plaintiff Section B benefits of $250 per week under the terms of the man’s insurance policy until Dec. 31, 2007 for a period of 108 weeks.
Read full article…
The insurance company, whose proposed increases would have taken place in five states, has a very different view of the situation.
The Hill: HHS Deems Insurance Rate Hikes ‘Unreasonable’ In 5 States The Obama administration said Thursday that increases in healthcare premiums in five states are “unreasonable.” The Health and Human Services Department said Trustmark Life Insurance Co. is pursuing unnecessary rate hikes in five states. The new healthcare law allows HHS to review rates and classify them as unreasonable, but the department cannot stop the rates from taking effect (Baker, 1/12).
Kaiser Health News Capsules blog: HHS Calls Trustmark’s Rate Increases ‘Unreasonable’; Insurer Begs To Differ [The company] proposed health insurance premium hikes of 13 percent for 10,000 residents in five states: Arizona, Alabama, Pennsylvania, Virginia and Wyoming, according to HHS.
Read full article…
